Deciding on raising capital through selling membership shares involves a whole realm of legal complexities that can carry some hefty penalties for registering incorrectly, late, or fraudulently.
Being a Limited Liability Company (LLC) carries with it some great benefits, but also additional headaches. Selling membership shares is one of those.
So the real question might not be “are you going to sell membership shares” but more along the line of “how are you going to sell membership shares?” The trick lies more with the “how” than the “why.”
I’ll briefly discuss the basic decision making process I used in dealing with the SEC and State of Illinois. Then, I’ll go into further detail about the decisions I made.
So, deciding between registering or filing for exemption? Read on! (more…)


Chicago’s Terrible AT&T Network
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Tags: Business, Technology
Categories:Commentary
Recently, my AT&T phone has been practically useless. I might as well make a cardboard cutout of a phone, try to make a call, use the internet, or attempt to use GPS. At least when my fake phone experiences “performance issues” I could get the satisfaction of watching that baby burn, with the knowledge that all I’m losing is the 5 minutes it took to make it (I didn’t want a crappy fake after all) plus one match. Rather, I’m stuck with an expensive PDA with a camera that on occasion does act like a smart phone. (more…)